BRAZIL: Provider Income Falls By 3.8% In May On A Yearly Basis

Genuine services income in Brazil, which describes the development of the volume of activity in the sector in real terms, marking down inflation, fell 3.8% in May compared with April – the biggest monthly decline in the historical series for the period, stated the nation’s statistics office.

Compared to a year earlier, the drop was also 3.8%, the sharpest given that April 2017. Through May, genuine services income in Brazil builds up falls of 1.3% considering that January and 1.6% in 12 months.

The negative outcome was strongly influenced by the truckers’ strike in May.